Nicholas B. Hawkins Sells 5,638 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Key Points

• CFO Nicholas B. Hawkins of Arteris, Inc. sold 5,638 shares of the company at an average price of $10.50, totaling approximately $59,199, which reduced his ownership by 4.32%.
• Arteris, Inc. experienced a trading decline of 5.6%, with its stock price dropping to $9.86 amid increased trading volume.
• Wall Street analysts, including Rosenblatt Securities, have reaffirmed a "buy" rating for Arteris with a price target of $14.00.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CFO Nicholas B. Hawkins sold 5,638 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $10.50, for a total transaction of $59,199.00. Following the completion of the transaction, the chief financial officer directly owned 124,910 shares of the company's stock, valued at $1,311,555. This represents a 4.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Arteris Trading Down 5.6%

AIP stock traded down $0.59 during midday trading on Thursday, reaching $9.86. The company had a trading volume of 428,978 shares, compared to its average volume of 324,928. Arteris, Inc. has a 1 year low of $5.46 and a 1 year high of $12.64. The company has a market capitalization of $413.92 million, a P/E ratio of -12.02 and a beta of 1.44. The company has a 50 day moving average of $8.80 and a two-hundred day moving average of $8.44.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP acquired a new position in Arteris in the 4th quarter valued at $46,000. CWM LLC grew its stake in Arteris by 4,810.1% in the 1st quarter. CWM LLC now owns 10,213 shares of the company's stock valued at $71,000 after buying an additional 10,005 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Arteris in the 1st quarter valued at $95,000. Kapitalo Investimentos Ltda acquired a new position in Arteris in the 2nd quarter valued at $104,000. Finally, Strs Ohio acquired a new position in Arteris in the 1st quarter valued at $104,000. Institutional investors own 64.36% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities reaffirmed a "buy" rating and issued a $14.00 price objective on shares of Arteris in a research note on Wednesday, May 21st.

About Arteris

Arteris, Inc provides semiconductor interconnect intellectual property (IP) and System-on-Chip (Soc) Integration Automation software solutions (SIA) in the Americas, the Asia Pacific, Europe, and the Middle East. The company develops, licenses, and supports the on-chip interconnect fabric technology used in Soc designs and Network-on-Chip (NoC) interconnect IP.

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